September 30, 2016

GOSH, SMOOT-HAWLEY AND NATIVISM WORKED SO WELL LAST TIME....:

Debate Night Message: The Markets Are Afraid of Donald Trump (JUSTIN WOLFERS SEPT. 30, 2016, NY Times)

Wall Street fears a Trump presidency. Stocks may lose 10 to 12 percent of their value if he wins the November election, and there may be a broader economic downturn.

These conclusions arise from close analysis of financial markets during Monday's presidential debate, which provides a fascinating case study of the complex interconnections between American politics and economics. The market's judgment stands in sharp opposition to Donald J. Trump's claims that his presidency would be good for business.

Posted by at September 30, 2016 11:47 AM

  

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